Jimmy S.
1 rental bank account or 1 for each property
HelloJust wanted to see how everyone else does it? Do you have 1 rental bank account or 1 bank account for each property?If you combined all the income and expenses in one account it would get really confusing.I have ...
Bienes Raices
Problem with security deposit account, and Bank of America
I set up two business checking accounts for my LLC--one for the rents,etc. for the property that will be held by that LLC, and the other for just the security deposit for that property, as my state's law requires. (la...
Johann Jells
Bank to handle multiple security accounts with NJ presence?
I'm fed up with Capital One. They've literally taken hours of my time, every time, to open security accounts, and then screw them up most of the time due to poor training. Then I found out they have a system for bigge...
Kyle Roberts
Banking and Accounting for Single Family Home House Hack
Hi Everyone!I recently purchased my first property, a single-family home in Richmond, VA and am planning to house hack. I'm trying to figure out how to set up the banking for managing the property. I've heard it's bes...
Kelsey Herbst
User Friendly Banking- Checking & Savings Accounts for Landlords
Hey all,
I will be closing on my first rental property soon (house hacking a triplex in Philadelphia, Pennsylvania) and am starting to think about organizing the finances of a few accounts, not only for accounting ea...
Angelo Llamas
Do you need a bank account for every property
Me and my 2 brothers are starting to invest an we are curious as too as we start acquiring more an more properties do you need to have a separate bank account for every property or how do you keep track of them other ...
Tanh Truong
Bank Accounts for Holding/Operating Company and LLC's Underneath
Greetings BP Friends!I am currently having an attorney set up a holding company and an operating company for me. We've discussed various options like Series LLC, land trusts and even setting up LLC's out of state (Tex...
Daniel Kong
Out of State LLC - Where to open Bank Account?
Hello. So I live in Hawaii, but recently purchased a rental property in Indiana. I plan to transfer the property into my Indiana LLC. My question is, should I open my business bank account in Indiana, or can I registe...
Talia Wiles
Is Business Bank Account Needed for 1 Arbitrage Unit?
Hey guys! I'm new to the forum, and my husband and I are about to start our first short term rental (via arbitrage). We figured it best to create a separate bank account from our personal account for tax purposes, boo...
Marissa Contreras
Who do you open your business bank accounts with?
I just created my LLCs and I'm wondering who to open my business bank accounts with. Does anyone have any recommendations for the best point system (most reward) with banking with a specific bank? Do you prefer smalle...